Browsing by Author "Taofeekat Temitope Nofiu"

Now showing 1 - 4 of 4
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    Does the relative size of agricultural exports matter for sustainable development? Evidence from Sub-Sahara Africa
    (Elsevier, 2025-01-06) Taofeekat Temitope Nofiu; Rashidat Sumbola Akande; Hauwah KK Abdulkareem; Sodiq Olaiwola Jimoh
    This study investigates the effect of the relative size of agricultural exports on sustainable development across 46 sub-Saharan African countries between 1999 and 2020. Using data on adjusted net savings and sustainable development indices as proxies for sustainable development, the empirical analysis applies the Driscoll-Kraay standard error method which accounts for cross-sectional dependence. The results indicate that the relative size of agricultural exports has a positive effect on sustainable development while agricultural non-export pro duction is found to contribute more to sustainable development than agricultural exports. Given agriculture’s dominance and the agro-based export potential for these economies, the study recommends pro-agricultural export policies aimed at expanding agricultural exports over non-agricultural exports if the choice is between exporting agricultural commodities and exporting non-agricultural commodities. However, the import substi tution strategy should be prioritized over the agricultural export promotion strategy when choosing between exporting agricultural commodities and producing for domestic consumption for higher sustainable outcomes.
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    Informal Employment and Inequality: Implications for Migration in Sub-Saharan Africa
    (UTS ePRESS, 2025-03-31) Rashidat Akande; Hauwah AbdulKareem; Sodiq Jimoh; Taofeekat Temitope Nofiu
    A sizable level of informal employment, often stemming from social disparities and limited economic opportunities, can have great implications for migration in Sub-Sahara Africa. Similarly, inequality, particularly unequal access to economic resources in the formal sector, can serve as a key driver for migration as people seek better opportunities. Therefore, this study investigates the individual impact of the size of informal employment and inequality on migration within the region by examining the individual effects of informal employment and inequality as well as their interactive effect on migration. Utilizing System GMM method of analysis, the study examined the data from 43 Sub Saharan African countries from 2009 to 2022. The findings suggest that both informal employment and inequality positively influence migration flows in the region. Additionally, the analysis shows that the interaction between informal employment and inequality exerts a negative effect on migration flow
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    Leaving No One Behind: Examining the effect of financial, gender, and digital inclusion on sustainable development
    (Wiley, 2024-10-14) Hauwah K. K. Abdulkareem; Sodiq Olaiwola Jimoh; Taofeekat Temitope Nofiu; Rashidat Sumbola Akande
    This paper analyzes the effects of different dimensions of inclusion toward the attainment of sustainable development in 33 sub-Saharan African (SSA) countries from the financial, gender, and technological perspectives between 2004 and 2021. This study employs the System Generalized Method of Moments given its ability to address potential endogeneity issues, capture the dynamic nature of relationships, and mitigate potential biases while adopting the Driscoll–Kraay standard errors for robustness check. Findings reveal two of the three measures of financial inclusion wield positive and significant effects on sustainable development while credit to the private sector is found to be detrimental. Also, all three measures of gender inclusion (female employment to population, female labor force participation rate, and the number of women holding a seat in parliament) positively influence sustainable development. Contrastingly, the coefficients of digital inclusion (mobile phone sub scription and internet usage) were revealed to be harmful to sustainable development in SSA. This paper advocates for increased financial inclusion through financial liter acy, customized financial products, and gender-sensitive financial services. Pertinent are gender policies that address gender norms in addition to the enactment, avowed commitment, and support for affirmative action toward closing gender gaps across all sectors and at all levels.
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    THE NEXUS BETWEEN DEBT SERVICING AND FOREIGN EXCHANGE RATE UNIFICATION IN NIGERIA
    (Malete Journal of Management and Social Sciences, 2024-12-11) Taofeekat Temitope Nofiu; Nofiu Babatunde Nofiu
    Public debt, which has escalated to approximately N38.005 trillion by the first quarter of 2024, has become a critical concern for Nigeria's economic sustainability. The country's debt service-to-revenue ratio has reached 183%, indicating a severe fiscal imbalance. Hence, this study examined the relationship between debt servicing and foreign exchange rate unification in Nigeria from 1995 to 2023. Using an Autoregressive Distributed Lag (ARDL) model, the research investigated the effect of exchange rate unification, inflation, GDP growth, and oil prices on Nigeria's debt service-to-revenue ratio. The findings reveal that exchange rate unification has a significant negative effect on the debt service burden, suggesting potential benefits of a unified exchange rate policy. Inflation rates and lagged exchange rates also negatively impact debt servicing, while oil prices show mixed effects. Based on these findings, the study recommends that policymakers continue pursuing exchange rate unification while implementing careful inflation management strategies. Also, the research suggests focusing on economic diversification to reduce oil dependence and improving fiscal discipline to better manage persistent debt servicing commitments.